I too, would be interested in knowing about this. My husband and I are setting up custodial accounts for our nephews. However, we don't want to have to keep the parents fully informed as to how much money is in those accounts.

What responsibilities do we have for keeping them informed if the earnings are well below the ~$600 minimum for taxes?

Does the tax return have to filed no matter what the earnings are, or only when tax becomes due?

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